Punjab finances preparation in remaining phases, more likely to be 53 trillion 70 billion – Enterprise & Financial system

The preparation of the finances for the following fiscal 12 months by the Punjab authorities has entered the ultimate phases, the scale of the finances of Punjab for the fiscal 12 months 2024-25 is more likely to be 53 trillion 70 billion rupees, whereas no new tax in Punjab and authorities staff. It has been … Read more

PML-N price range assembly: Agreed to offer aid to customers consuming lower than 200 models of electrical energy – Pakistan

With a view to give aid to the individuals within the upcoming price range, vital selections had been taken within the assembly of the leaders of Muslim League (N), chaired by former Prime Minister Nawaz Sharif, to scale back the bills of the federal and Punjab authorities and customers who use lower than 200 models … Read more

GTS 19%, extra tax on salaried, IMF fingers over finances proposals to Pakistan – Enterprise & Economic system

The Worldwide Financial Fund (IMF) has shared draft proposals for the settlement with Pakistani officers. Pakistan’s financial staff has began finalizing the preparation of the federal finances for the following fiscal yr within the context of the circumstances imposed by the IMF for the brand new mortgage program. Within the finances of the following fiscal … Read more

10% improve in salaries, pension in Khyber Pakhtunkhwa, minimal wage 36 thousand, discount in taxes on property and eating places – Pakistan

Khyber Pakhtunkhwa Finance Minister Aftab Alam offered the provincial funds for the fiscal 12 months 2024-25, whereas that is the primary time within the nation’s historical past {that a} province offered its funds earlier than the federal authorities. In Khyber Pakhtunkhwa, the salaries and pensions of presidency staff have been elevated by 10 p.c, whereas … Read more

Government shying away from budget approval before IMF delegation agrees – Pakistan

The government is deliberately violating an Act of Parliament by not seeking the approval of the Federal Cabinet for the Budget Strategy Paper 2024 pending the approval of the fiscal policy by the International Monetary Fund (IMF). The Tribune reports that the decision shows that the finance ministry has prioritized the IMF bureaucracy over the … Read more